Texas Insurance Code 2502.005 – Civil Penalty
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(a) A person is liable to the state for a civil penalty of not more than $5,000 if the person:
(1) wilfully violates Section 2502.003 or 2502.004; or
(2) violates an order of the commissioner refusing to approve an application to issue a binder for title insurance or a title insurance policy prohibited by Section 2502.003(a).
(b) The department may bring an action in a Travis County district court to recover the penalty provided by this section.
Terms Used In Texas Insurance Code 2502.005
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005